Updated Duplex with Fenced
For Sale
$379,000
1711 W 5th Ave, Kennewick, WA 99336
Two-unit property with separate layouts, attached carport parking, and connections to public water and city sewer.
Property Size1,508 SF
Lot Size0.21 Acres
Price / SF$251.33
Days on Market17
Property Features for 1711 W 5th Ave
General Information
Standard status
Active
Size
1,508 SF
Lot size
0.21 Acres
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,369
Amenities
fenced yard
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Tomlinson
(509) 786-9456
Listed By:
Travis Davis · License #10810
(509) 786-9456
Source:
Exprealty
Added: Aug 4
Changed: Aug 20
Last Checked: Aug 20 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Tomlinson
Investment Insights
Based on property information with market context.
This 1,508-square-foot duplex contains two residential units with a combined four bedrooms and two bathrooms. The configuration includes one three-bedroom, one-bath unit and one one-bedroom, one-bath unit. Property improvements include a concrete block foundation, composition shingle roof, attached carport, and an enclosed fenced yard.
The property is located at 1711 W 5th Ave in Kennewick, Washington, on a paved street with sidewalks. Public water and city sewer are connected, providing established utility service for the two-unit layout. Updates throughout and the maintained physical condition support continued residential use.
The property is located at 1711 W 5th Ave in Kennewick, Washington, on a paved street with sidewalks. Public water and city sewer are connected, providing established utility service for the two-unit layout. Updates throughout and the maintained physical condition support continued residential use.
Key Highlights
- 1,508‑square‑foot duplex on a 0.21‑acre lot
- Two units with a combined 4 bedrooms and 2 bathrooms
- Unit mix includes 3 bedrooms/1 bathroom and 1 bedroom/1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,340
$262.3K
Cap Rate 7%
$187,386
$187.4K
Cap Rate 9%
$145,744
$145.7K
Market Conditions
NOI Build-Up for 1,508 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.4K $13.56/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$18.7K $12.43/SF
− OpEx
−$5.6K −$3.73/SF
NOI
$13.1K $8.70/SF
Area
Benton County, WA
Vacancy
8.36%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,340
Cap Rate 7%
$187,386
Cap Rate 9%
$145,744
Alternative Uses
Best Use
Multifamily LT 5
$187.4K
$164.0K – $218.6K
NOI $13,117 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$166.0K
$145.2K – $193.7K
NOI $11,619 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$418.3K
$366.0K – $488.0K
NOI $29,278 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate layouts, attached carport parking, and connections to public water and city sewer.
Where is this duplex located?
The property is located at 1711 W 5th Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,508‑square‑foot duplex on a 0.21‑acre lot; Two units with a combined 4 bedrooms and 2 bathrooms; Unit mix includes 3 bedrooms/1 bathroom and 1 bedroom/1 bathroom
